19th May 2015 08:37
LONDON (Alliance News) - JZ Capital Partners Ltd on Tuesday said it has co-invested in LED lights and lighting systems manufacturer Illumination Investments LLC, trading as Sloan LED, alongside Baird Capital Partners.
The private equity firm has invested USD4.9 million in the investment, though it did not provide any details on the stake it has taken in the company.
"This acquisition expands our US portfolio of diverse, high-quality companies. We're excited to be invested in Sloan and look forward to working with management as they grow the business," said David Zalaznick, JZ's founder and investment adviser.
Shares in JZ were untraded Tuesday, having last traded at 451.00 pence.
By Sam Unsted; [email protected]; @SamUAtAlliance
Copyright 2015 Alliance News Limited. All Rights Reserved.
Related Shares:
Jz Capital